Pennsylvania Bill Could Shut Sportsbooks Out of Prediction-Market Making

A bipartisan Pennsylvania bill would impose insider-trading rules and consumer protections on prediction markets while blocking gambling companies from supplying their liquidity. The restriction could disrupt market-making strategies pursued by Draftkings, Flutter and other sportsbook groups expanding into federally regulated event contracts. A liquidity restriction aimed at gambling companies A bipartisan group of Pennsylvania lawmakers […]

Source: https://news.bitcoin.com/pennsylvania-bill-could-shut-sportsbooks-out-of-prediction-market-making/